Hankyu Itami Line railway market report

Hankyu Itami Line Land market overview

The average price of a sq.m Land of Hankyu Itami Line (Tsukaguchi to Itami), in Jan, 2018 to Dec, 2018 was 190,433 JPY/sq.m. The market value represents an increase of 25,478 JPY (+15.4%) compared to 1 year ago and a transition to a bull market. 47 properties exchanged hands ( The market value represents a decrease of 7 (-13.0%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 192.4 sq.m (a -36.7% decrease compared to the 304.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

3 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was toward increased prices. Tsukaguchi, Inano, Shinnitami station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Tsukaguchi station, where prices have increased +41.1% compared to last year; a sq.m unit now costs 206,462 JPY/sq.m.

The top 1 stations has seen prices increase +41.1% (+60,159 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -2.6% (-4,217 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 21.3 min in 2017 and 18.4 min in 2018; -13.2%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.7% of total transactions in 2017 and 6.4% of total transactions in 2018)

Breakdown of each segment

The table below shows Land dealt in Hankyu Itami Line, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

※各年ごとの取引件数の割合が高いセグメントほど赤く表示

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Land stations market overview

The average price of a sq.m Land of Inano, the highest market value along this railway was 237,882 JPY/sq.m. The market value represents an increase of 53,188 JPY (+28.8%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 2 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Itami, the lowest market value along this railway was 160,011 JPY/sq.m. The market value represents a decrease of 4,217 JPY (-2.6%) compared to 1 year ago and a transition to a slight market. 19 properties exchanged hands ( The market value represents a decrease of 20 (-51.3%) compared to 1 year ago and a transition to a dramatic market.).

Hankyu Itami Line (Stations Land market overview)
Hankyu Itami LineThis year(2018)1 year ago2 years ago
Tsukaguchi206,462 JPY (0.0Y/159.1sq.m)146,303 JPY (0.0Y/439.2sq.m)195,927 JPY (0.0Y/173.6sq.m)
Inano237,882 JPY (0.0Y/138.8sq.m)184,694 JPY (0.0Y/251.7sq.m)210,639 JPY (0.0Y/146.7sq.m)
Shinnitami208,235 JPY (0.0Y/147.5sq.m)165,785 JPY (0.0Y/113.3sq.m)224,360 JPY (0.0Y/267.9sq.m)
Itami160,011 JPY (0.0Y/247.1sq.m)164,228 JPY (0.0Y/305.9sq.m)141,050 JPY (0.0Y/291.4sq.m)

*Average unit prices per sq.m of Land at each train station were calculated using the Utinokati database of actual market sales prices (based on surveys conducted by the Ministry of Land, Infrastructure, Transport, and Tourism of Japan). Units: JPY (Japanese Yen); parenthesis contain average age in years of building / equivalent measurement of area of real estate.

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Noteworthy stations

Tsukaguchi206,462 JPY/sq.m (+41% compared with the previous year)

The average price of a sq.m Land of Tsukaguchi was 206,462 JPY/sq.m. The market value represents an increase of 60,159 JPY (+41.1%) compared to 1 year ago and a transition to a dramatic market. 22 properties exchanged hands ( The market value represents an increase of 16 (+266.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 159.1 sq.m (a -63.8% decrease compared to the 439.2 sq.m of last year.).

Itami160,011 JPY/sq.m (-3% compared with the previous year)

The average price of a sq.m Land of Itami was 160,011 JPY/sq.m. The market value represents a decrease of 4,217 JPY (-2.6%) compared to 1 year ago and a transition to a slight market. 19 properties exchanged hands ( The market value represents a decrease of 20 (-51.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 247.1 sq.m (a -19.2% decrease compared to the 305.9 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 24.8 min in 2017 and 29.4 min in 2018; +18.8%)

Breakdown of each segment

Station:   Segment:

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Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (https://utinokati.com/en/) where the data will be posted. (As a general rule, prior consent is not required.) Our data is based on Ministry of Land, Infrastructure, Transport, and Tourism of Japan (actual market sales prices)